Adding Penfold as a pension scheme
Go to company settings
In Pento, navigate to Settings > Company > Pensions.
Click "Set up pension"
Select Penfold (for Basic/Relief at Source) or Penfold QE (if you're using qualifying earnings).
Enter employer details
Add your Employer ID provided by Penfold (usually starts with
PENfollowed by your company number).
Configure default contributions
Choose the Pension Type:
Salary Sacrifice (if applicable)
Relief at Source
❗️Note: Penfold uses the Relief at Source method—not Net Pay. This means contributions should be deducted after tax. Learn more here. ❗️
Enter your standard employer and employee contribution rates (e.g. 3% employer, 5% employee).
Save the scheme
Click Save changes to complete the setup.
👉 Tip: Ensure your contribution structure and earnings basis align with your Penfold plan. If you're using both Salary Sacrifice and non-Salary Sacrifice, you may need to set up separate groups in Penfold.